Red Bud Apartments

About This Building

Affordable Apartments in Red Bud, IL Supported by LIHTC - Introduction: Welcome to Red Bud Apartments, a low-income housing community in Red Bud, IL, supported by the LIHTC program. - Affordable Housing Option: If you are seeking an affordable housing option, our rental apartments are specifically designed to accommodate low-income individuals, thanks to the LIHTC program. - Rent and Income Restrictions: Our apartments are subject to program rent and income restrictions, ensuring that they remain affordable for those who need it most. - Incentives for Builders and Developers: The LIHTC program provides incentives to builders and developers, encouraging them to create and maintain affordable housing options for low-income individuals. - Rent Based on AMI: The maximum rent charged at Red Bud Apartments is determined by the Area Median Income (AMI). Please note that for some low-income individuals, the AMI may make these apartments unaffordable. - Current Rental Rates: We encourage you to check the current rental rates to determine if Red Bud Apartments fit within your budget and affordability range. - Number of Units: We offer a total of 20 low-income apartments within our community. - Waiting Lists: Like many other apartments these days, there may be a waiting list for availability. However, we provide contact information so you can directly inquire about applying and qualifying for residency. - TIP: Understanding LIHTC Units: Familiarize yourself with Low-Income Tax Credit (LIHTC) units available for rent. - Income Verification: When applying for residency, please ensure that the income of all expected adult residents is included and verified. Call our office for more details. - Apartment Options: We offer both 1 bedroom and 2 bedroom apartments at our location. By incorporating these headings, the text is given a structured format that differentiates it from the original source text.